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17119 Rainbow Terrace

ODESSA, FL 33556

3 beds
2 baths
1,742 sqft
15,140 sqft lot
$384 per sqft
1962 build
– on site

Charming 3-bedroom, 2-bathroom home in one of the most sought-after locations on Rainbow Lake. Whether you're looking for a vacation getaway or a year-round residence, this property offers endless potential with a flexible floor plan that allows you to personalize every room. The spacious, enclosed sunroom provides stunning views of 50 acres of the serene lake, while the backdoor opens to a covered patio and large backyard—ideal for entertaining guests, hosting cookouts, or enjoying outdoor activities. With ample space for creating your dream outdoor living area, the possibilities are endless! The lakefront setting offers the perfect environment for water lovers, with opportunities for boating, kayaking, paddleboarding, and water skiing. Nestled on a quiet cul-de-sac street with mature landscaping, this home also offers privacy and no HOA or CDD fees, with great potential for short-term rentals such as VRBO or Airbnb. Conveniently located near Steinbrenner High School,

Listing courtesy of STELLAR_MLS / REAL BROKER, LLC

Last checked: Checking… • Last updated Apr 12, 2025 •

MLS# TB8357149 —

The Building

Year Built:

1962
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Building Area Total:

2200
Building Area Units:

Square Feet
Building Area Source:

Owner

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

1742
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

Crawley Road to Rainbow Terr to west to address on left
Latitude:

28.120081
Longitude:

-82.599048
Coordinates:

-82.599048, 28.120081

The Property

Parcel Number:

U22271701500000000008.0
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Features:

Cul-De-Sac
Lot Size Acres:

0.35
Lot Size Area:

15140
Lot Size SqFt:

15140
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

ASC-1
Direction Faces:

Northwest
View:

Trees/Woods
View:

true
Exterior Features:

Private Mailbox
Fencing:

Wood
Water Source:

Well
Road Surface Type:

Paved
Road Frontage Type:

Street Dead-End
Flood Zone Code:

AE
Flood Zone Panel:

12057C0180H
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

8
Tax Block:

27
Tax Legal Description:

RAINBOW TERRACE LOT 8
Tax Book Number:

33-39
Tax Annual Amount:

$2,107

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Branded:

https://listings.textured.media/sites/kjkwxzz/unbranded
Virtual Tour URL Branded 2:

https://listings.textured.media/sites/kjkwxzz/unbranded
Virtual Tour URL Unbranded:

https://listings.textured.media/sites/kjkwxzz/unbranded
Virtual Tour URL Unbranded 2:

https://listings.textured.media/sites/kjkwxzz/unbranded
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Public
Sewer:

Septic Tank

Appliances

Appliances:

Refrigerator
Laundry Features:

Inside

Schools

Elementary School:

Hammond Elementary School
Middle Or Junior School:

Sergeant Smith Middle-HB
High School:

Steinbrenner High School

The Community

Subdivision Name:

RAINBOW TERRACE
Senior Community:

false
Community Features:

Waterfront
Waterview:

Lake
Waterview:

true
Water Access:

Lake
Water Access:

true
Water Extras:

Skiing Allowed
Water Body Name:

RAINBOW LAKE
Waterfront:

true
Waterfront Features:

Waterfront
Pool Private:

false
Pets Allowed:

Yes
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false
Additional Water Information:

Skiing Allowed
Waterfront Feet Total:

65

Parking

Garage:

false
Carport:

false
Open Parking:

true
Parking Features:

Boat

Monthly cost estimate

Asking price

$669,950

Expense	Monthly cost
Mortgage	$3,587
Taxes	$175
Insurance	$184
Utilities	$163 See report
Total	$4,109/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price
3/3/25 Mar 3, 2025	Listed / Active	STELLAR_MLS	$669,950
7/29/22 Jul 29, 2022	Price Changed	STELLAR_MLS
7/28/22 Jul 28, 2022	Listed / Active	STELLAR_MLS

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This house located in Keystone, FL 33556 is currently for sale for $669,950. 17119 Rainbow Terrace is a 1,742 square foot house with 3 beds and 2 baths that has been on Estately for 81 days. This house is in the attendance area of Steinbrenner High School, Sgt. Smith Middle Academy For Broadcasting And Health Science, and Hammond Elementary School.

Listing Courtesy of: STELLAR_MLS and REAL BROKER, LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.